Nano Labs Earnings Call Transcripts
Fiscal Year 2026
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Revenue and net value declined sharply year-over-year due to lower iPollo V Series sales, while operating expenses and losses surged, driven by a significant loss in cryptocurrency fair value. Strategic focus remains on AI-Web3 integration, digital asset reserves, and share repurchases.
Fiscal Year 2025
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Net income swung to RMB 137.7 million in H2 2025 on higher iPollo sales and crypto gains, despite a gross loss from inventory write-downs. Strategic focus remains on BNB reserves and AI agent ecosystem expansion.
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Revenue and gross profit declined sharply year-over-year due to lower mining machine sales, but net loss narrowed significantly as operating expenses were cut by over half. Strategic focus shifted to building BNB reserves and expanding into Web3 and stablecoin sectors.
Fiscal Year 2024
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Revenue and net loss both declined year-over-year, with improved gross profit and reduced operating expenses. Strategic expansion into Bitcoin investment and AI-Web 3.0 integration positions the business for future growth.
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Revenue declined year-over-year due to lower iPollo V1 sales, but 3D printing products saw rapid growth. Operating and net losses narrowed significantly, and the launch of the Cuckoo 3.0 chip is expected to drive future sales and expansion into AI and metaverse markets.